Philippine Peso sinks to record low

MG News | November 21, 2024 at 01:40 PM GMT+05:00

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November 21, 2024 (MLN): The Philippine peso fell to a record low as traders viewed comments from the nation’s central bank as dovish.

The peso fell as much as 0.2% to 59 per dollar on Thursday, the lowest since late 2022.

The central bank may cut or hold its benchmark rate next month depending on inflation data, central bank governor Eli Remolona Eli Remolona said Tuesday.

The Monetary Board in October meeting reduced the BSP’s Target Reverse Repurchase (RRP) Rate by 25 basis points to 6%.

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Name	Price/Vol	%Chg/NChg
KSE100	181,430.02 376.06M	-0.19% -346.57
ALLSHR	109,168.67 713.66M	-0.13% -139.83
KSE30	54,263.26 125.13M	-0.24% -128.56
KMI30	255,651.73 86.61M	-0.19% -483.04
KMIALLSHR	69,991.04 446.60M	-0.05% -33.30
BKTi	52,205.98 60.34M	-0.31% -161.74
OGTi	35,363.45 11.64M	0.17% 60.63

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,005.00	66,020.00 64,290.00	385.00 0.60%
BRENT CRUDE	83.60	84.44 81.50	1.11 1.35%
RICHARDS BAY COAL MONTHLY	105.50	105.50 105.50	-0.25 -0.24%
ROTTERDAM COAL MONTHLY	116.25	117.00 116.25	-0.10 -0.09%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	78.28	78.77 76.53	0.99 1.28%
SUGAR #11 WORLD	16.49	16.50 15.49	0.92 5.91%